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US singer-songwriter Taylor Swift made history with her fourth Album of the Year Grammy, this time for 'Midnights' Image: AFP
entertainment

Taylor Swift officially declared a billionaire by Forbes

20 Comments
By Maggy DONALDSON

Taylor Swift was officially named a member of the three-comma-club Tuesday, as Forbes confirmed rumors estimating her wealth exceeds a billion dollars.

The financial news outlet said she is the first artist to achieve billionaire status solely on the basis of her music, and estimated she has a $1.1 billion fortune.

Other industry heavyweights who've hit the mark -- Rihanna and Jay-Z among them -- have earned their massive wealth in part via fashion brands, alcohol companies or entertainment holdings, among other interests.

Along with her vast songwriting catalog, Swift staged the first billion-dollar tour ever -- the ongoing Eras Tour has boosted economies and delighted fans around the world.

Swift, 34, also has a significant real estate portfolio, with homes in New York, Beverly Hills, Nashville and a coastal mansion in Rhode Island.

Her touring milestone was one of many records Swift shattered over the past year, including winning a fourth Grammy for Best Album, the most of any artist.

She received wall-to-wall attention throughout 2023, which closed with Time Magazine honoring Swift as Person of the Year, calling her a "rare person who is both the writer and hero of her own story."

And in mere weeks fans have a brand-new album to look forward to: Swift is set to drop "The Tortured Poets Department" on April 19.

The frenzy around Swift was augmented last year by her dating life, as the pop culture icon began a very public romantic relationship with tight end Travis Kelce of the Kansas City Chiefs, who ultimately won the Super Bowl championship.

Chiefs games -- where Swift has been a regular in a private box -- smashed a series of ratings records this past season.

It was yet more evidence of her vast influence: with hundreds of millions of social media followers and a staunchly loyal fan base, she can move any dial with the tiniest of efforts.

Even politicos -- and conspiracy theorists -- for months have been opining on her potential impact on the upcoming presidential election.

Swift was born in Pennsylvania on December 13, 1989. She began writing songs professionally as a teenager, signing with Nashville's Big Machine Records as a country artist.

Years after she went full pop and, as she moved on to a major deal with Universal, Swift became embroiled in very publicized feud with Big Machine.

The sale of her song catalog to a private equity firm triggered a massive dispute over musicians' rights -- and a bold new era of Swift's career.

She vowed to re-record her first six albums in order to own their rights, and began making good on the promise, urging her fans to listen to "Taylor's Version" instead of previous releases.

In the meantime, she's released several more original studio albums, with her 11th due later this month.

And her conversation-commanding Eras tour is due to continue until the end of 2024, with estimates anticipating she will surpass the $2-billion threshold, a staggering sum.

© 2024 AFP

©2024 GPlusMedia Inc.

20 Comments
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Congrats! Great news for this woman. Hard work and deep dedication to her art and pushing to be the best, that’s the beauty of Capitalism.

-2 ( +8 / -10 )

It's commendable for her, but there ought to be a limit on individual wealth, perhaps around $50 million.

The notion of one person possessing more wealth than entire nations is absurd and unsustainable.

-2 ( +7 / -9 )

Can't stand her

-10 ( +2 / -12 )

She needs to be equitable and give it away to people who don't work as hard as she has.

-6 ( +2 / -8 )

proxyToday  08:48 am JST

She needs to be equitable and give it away to people who don't work as hard as she has.

I know a lot of people who work a lot harder than her but only earn a pittance.

Becoming famous is a lot of hard work combined with talent and a lot of luck.

0 ( +5 / -5 )

She needs to be equitable and give it away to people who don't work as hard as she has.

She's been fairly generous with her money.

7 ( +9 / -2 )

Can't stand her

What can’t you stand?

She treats people working for her well and gives a lot to charities and well as setting up her own. If she was caught skimming off these charities, that would be appalling and would deserve dislike.

I can understand not liking someone’s music but disliking the person because of that would be a bit childish.

I don’t see too much to dislike here.

12 ( +12 / -0 )

I don't follow her music but from all accounts, she is a very generous person to her staff and others.

12 ( +13 / -1 )

She is probably a very nice person. However, when someone is that rich, they should be paying me to come watch them, not the other way around.

-6 ( +1 / -7 )

Back in the day, I had occasion to meet a lot of famous people. I would honestly say that 99+% of them were very, very nice people, and I suspect that goes for Ms. Swift, as well.

4 ( +6 / -2 )

when someone is that rich, they should be paying me to come watch them, not the other way around.

I don't think you understand supply and demand.

5 ( +7 / -2 )

So happy for her.

-1 ( +0 / -1 )

Never cared for her music, but I do think that she is a great marketer just like Madonna and Lady Gaga, so good on her, hope she makes as much money as possible.

-3 ( +2 / -5 )

@Metattokyo

Move to North Korea. Problem solved.

3 ( +4 / -1 )

Some people are so disgustingly rich, while people can’t even have health care or can’t even get a home in the USA. Being generous to your staff is great, but as a nation , a government , we should be helpful as not everyone has the good fortune( no pun intended) to have won the genetic, health talent and wealth lottery. It’s great to be a billionaire but even warren buffet thinks he should be taxed a bit more…. And he’s a multi-billionaire and supports charities.

-3 ( +2 / -5 )

Celebrities and billionaires are harbingers of change. Several such supremely blessed fellow mortals are making relentless efforts to bring a ray of hope in the lives of the hungry, the poor, the illiterate, the homeless, the downtrodden, and other severely challenged human beings who are forced to live on the peripheries of existence.

1 ( +2 / -1 )

Remember When Taylor Swift Played a $20 Concert for a Tiny Alabama High School?

To think, there was a time when the now-superstar was still paying her dues.

Dust off your Von Dutch trucker hat and squeeze into your skinniest skinny jeans, because we're traveling back in time to 2007, the year Swift played a $20 show in Anniston, Alabama.

Fresh-faced Taylor Swift took the stage in the gymnasium of Saks High School, a suburban public school with a current enrollment of 306 students in grades 8-12. Tickets were only $20 for the concert, with proceeds supporting the Saks High football team.

https://www.youtube.com/watch?v=paJyluKswqQ

If ya had your photo taken with her back then, it'd be worth a lot more now, lol

-1 ( +0 / -1 )

It's commendable for her, but there ought to be a limit on individual wealth, perhaps around $50 million.The notion of one person possessing more wealth than entire nations is absurd and unsustainable.

Actually as a hardcore socialist I disagree.

Not a fan of Swift or her music, but in general and in this present music market where most of the revenue comes from performing they are making mad money by the sweat of their brow.

On the other hand the financiers, trust funders, banker bailout receivers, people who make money moving around funds are parasites on society.

https://www.bu.edu/eci/2022/08/02/mad-money-the-financialization-and-rising-inequality-of-the-us-economy/

2 ( +2 / -0 )

> dagonToday  06:33 pm JST

It's commendable for her, but there ought to be a limit on individual wealth, perhaps around $50 million.The notion of one person possessing more wealth than entire nations is absurd and unsustainable.

Actually as a hardcore socialist I disagree.

Not a fan of Swift or her music, but in general and in this present music market where most of the revenue comes from performing they are making mad money by the sweat of their brow.

On the other hand the financiers, trust funders, banker bailout receivers, people who make money moving around funds are parasites on society.

https://www.bu.edu/eci/2022/08/02/mad-money-the-financialization-and-rising-inequality-of-the-us-economy/

A 'hardcore socialist'? Okaaay, ..

I agree about the bankers, that's just greed. Taylor Swift is far from greedy. An I bet she would agree with me.

Come on, though, all credit goes to her talent and business acumen, but does anyone really need a billion dollars or even half a billion dollars? It's unsustainable and I doubt future generations will be as accepting of it as we are today.

-2 ( +1 / -3 )

I have to wonder if the new capitalists are the real characters behind George Orwell's Animal Farm. People think it's about socialism, but I see it from a different perspective, it's about capitalist greed, and how people in power aren't happy with what they have, and tell us ALL BOATS RISE, and we will all be happy, while they are given the trickle from the billionaire, to be shared. The billionaires want more. and it's the workers who pay the most, and often suffer the most. The rich can get that private health care, never have to worry about their mortgage, or even worry about buying a one-bedroom place, heating or eating or will they be kicked out by the landlord in favour of the other guy who can pay more. They are happy that food banks are there for the poor, like someone out of the Dickensian novel, and we should be happy at MINIMUM wage. Not a living wage, but the minimum, begging for Tips from the kind Scrooge. The new pigs are the capitalists, bankers and politicians, making the average person pay, as a percentage of earnings, more than multimillionaires. Nothing wrong with being a millionaire or even a billionaire, so long as you pay the same rate of tax, as the nurse, teacher, doctor, or Uber delivery guy. we aren't blaming immigrants, single parents, the disabled or the unemployed for the problems of a nation.

-1 ( +0 / -1 )

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